The Illinois State Board of Investment did not find any violations of its pay-to-play rules in a review of its investment managers, Executive Director William Atwood told Buyouts.
The newly minted Republican congress may move to change carried interest’s tax treatment if it helps ease the passage of comprehensive tax reform, say private equity lobbyists.
Public pensions like CalSTRS are scrambling to find the right bonus structure to retain talent.
Steve King first saw the business opportunity for Alaris Royalty Corp while working as an investment banker for 12 years and helping middle-market companies raise capital.
The Santa Barbara County Employees’ Retirement System allocated $50 million across six private equity and venture capital funds in 2014, with a final commitment to an undisclosed fund “in the final stages of the diligence process,” according to a Hamilton Lane report the retirement system sent to Buyouts.
The South Carolina Retirement System Investment Commission committed more than $165 million across two private equity funds at its Nov. 20 meeting, spokesman Danny Varat said.
Audax and CVC Capital veteran Ashwin Krishnan started SpareHire with lifelong friend Vikram Ashok after their personal experience in the workplace helped them identify a market need.
The Teachers’ Retirement System of the State of Illinois and State Universities Retirement System of Illinois will not follow the Illinois State Board of Investment’s lead in reviewing their investment managers’ political contributions for possible conflicts of interest, spokespeople said.
Excess demand for top-performing private equity managers has pushed the balance of power back in the direction of general partners, limited partners tell Buyouts.
With the drop in oil prices, some limited partners are questioning the wisdom of committing long-term capital to strategies that depend on the value of a volatile commodity.
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